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Latest Currency News Continued - page 3

Welcome to Currency News. Our aim is simple: deliver expert financial comment and analysis on the world currency markets and exchange rates. The latest currency news, exchange rate forecasts, currency predictions and forex data at your fingertips. International payments? Maximise your foreign currency transfers today.

Latest Currency News Headlines

Pound South African Rand (GBP/ZAR) Exchange Rate Slides Ahead of SARB Rate Decision

21 May 2020 at 1 PM - Written by John Cameron

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Falls Ahead of SARB Rate Decision The Pound Sterling South African Rand (GBP/ZAR) exchange rate slumped by around -0.3%, leaving the pairing trading at around R21.8639. The South African Rand remained under pressure on Thursday as traders awaited this afternoon’s interest rate decision. Markets expect the South African Reserve Bank (SARB) to slash rates by 50...

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Pound to Australian Dollar (GBP/AUD) Exchange Rate Falls on Positive Risk-Sentiment

20 May 2020 at 3 PM - Written by John Cameron

GBP/AUD Exchange Rate Sinks as Covid-19 Vaccine Hopes Boost ‘Aussie The Pound to Australian Dollar (GBP/AUD) exchange rate fell by -0.4% today, with the pairing currently trading around AU$1.866. The Australian Dollar (AUD) continued to be buoyed by a growing sense of market confidence today, with the US Dollar being under pressure and European markets reopening following the peak of the coronavirus crisis boosting risk-on...

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Euro US Dollar (EUR/USD) Exchange Rate Rises on Franco-German Proposal

19 May 2020 at 5 PM - Written by John Cameron

Euro US Dollar (EUR/USD) Exchange Rate Buoyed by Franco-German Proposal The Euro US Dollar (EUR/USD) exchange rate edged up by around 0.2% this afternoon. This left the pairing trading at around $1.0935. The single currency edged higher on Tuesday, boosted higher by a Franco-German proposal on Monday for a fund that would offer countries in the bloc grants to help with the hardest-hit sectors. Germany and France proposed...

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Pound to Japanese Yen (GBP/JPY) Exchange Rate Soars as Japan Enters ‘Full-Blown Recession’

19 May 2020 at 5 PM - Written by John Cameron

GBP/JPY Exchange Rate Rises on Japan’s Economic Woes The Pound to Japanese Yen (GBP/JPY) exchange rate soared by 0.9% today, with the pairing currently trading around ¥130.752. The Japanese Yen (JPY) has continued to struggle as Japan’s economy fell into a recession for the first time since 2015. Sunday saw the world’s third-largest economy shrink at the annual pace of 3.4% in the first three months of 2020. Yuichi...

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Pound to Euro (GBP/EUR) Exchange Rate Rises as Italy’s Debt Crisis Worsens

18 May 2020 at 5 PM - Written by John Cameron

GBP/EUR Exchange Rate Edges Higher as ECB Says Covid-19 is ‘Terrible’ for Eurozone’s Economy The Pound to Euro (GBP/EUR) exchange rate rose by 0.4% today, with the pairing currently trading around €1.12. The Euro (EUR) struggled today after the European Central Bank’s (ECB) chief economist, Philip Lane, told the Spanish newspaper El Pais that Covid-19 is having a ‘terrible’ impact on the Eurozone’s...

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Pound Japanese Yen (GBP/JPY) Exchange Rate Rallies as Japan Enters ‘Full Blown Recession’

18 May 2020 at 4 PM - Written by John Cameron

Pound Sterling Japanese Yen (GBP/JPY) Exchange Rate Rises as Japan Falls into a Recession The Pound Sterling Japanese Yen (GBP/JPY) exchange rate rallied by around 1% this afternoon, leaving the pairing trading at around ¥130.9350. The Japanese Yen slumped today after Japan’s economy slipped into recession for the first time in four and a half years. The contraction in the first quarter of 2020 put the country on...

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Pound to Australian Dollar (GBP/AUD) Exchange Rate Steady as US-China Trade Tensions Weigh on ‘Aussie’

15 May 2020 at 1 PM - Written by John Cameron

GBP/AUD Exchange Rate Rangebound as Risk-Sentiment Hit By US-China Trade Row The Pound to Australian Dollar (GBP/AUD) exchange rate held steady today, with the pairing currently trading around AU$1.89. The Australian Dollar (AUD) has suffered from risk-off trade today because of renewed fears of US-China trade tensions. Today saw risk-sentiment drop after the US increased its military pressure on China as tensions rise...

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UK’s Refusal to Extend Brexit Deadline Leaves the Pound Japanese Yen (GBP/JPY) Exchange Rate Lower

15 May 2020 at 12 PM - Written by John Cameron

Pound Sterling Japanese Yen (GBP/JPY) Exchange Rate Falls as the UK Not Keen to Compromise on Brexit The Pound Sterling Japanese Yen (GBP/JPY) exchange rate slumped by around -0.5% this morning. This left the pairing trading at around ¥130.7370. Sterling suffered losses on Friday as weak data due to the coronavirus crisis and Brexit fears continued to plague the currency. GBP fell against the Yen after Boris Johnson’s...

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Pound US Dollar (GBP/USD) Exchange Rate Struggles even as US Jobless Claims Top 36 Million

14 May 2020 at 3 PM - Written by Frank Davies

Latest Jump in US Jobless Claims Fails to Boost Pound US Dollar (GBP/USD) Exchange Rate Another large weekly increase in US jobless claims was not enough to prevent the Pound Sterling to US Dollar (GBP/USD) exchange rate shedding further ground. As initial jobless claims only saw an increase of 2.9 million, as opposed to the previous week’s increase of 3.1 million, markets were encouraged by the prospect of the labour...

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Pound Euro (GBP/EUR) Exchange Rate Stuck Near Yesterday’s Six-Week Low

14 May 2020 at 1 PM - Written by John Cameron

Pound Sterling Euro (GBP/EUR) Exchange Rate Remains Near Six-Week Low The Pound Sterling Euro (GBP/EUR) exchange rate remained flat, leaving the pairing trading at around €1.1305. The Pound hit a six-week low against the Euro on Wednesday and remained near those levels on Thursday. Meanwhile, the single currency remained flat after data revealed Germany recorded its highest number of new coronavirus cases in five days...

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